Non-warrantable Condos

NON-WARRANTABLE CONDOS

• What is there is less than 51% owner concentration and we’re doing an investment purchase? That’s okay too.

• What if one owner owns more than 10% of the units? That’s okay.

• What if the HOA is still in the control of the builder? That’s okay.

• What if there is more than a 15% deficiency in HOA dues? This might be an issue but it does not summarily prohibit lending in the project…we will want to determine the HOA’s solvency.

• What if there is litigation on the project? This might be an issue but it does not summarily prohibit lending in the project…we will want to determine what the litigation is about, how much money is at issue, etc.

Call or email Derek to learn more about lending with litigation in a project.

RATE ALERT

REVERSE MORTGAGES

Retirement should bring financial peace of mind, but all too often retirees find themselves running low on essential funds due to medical bills, credit card debt, or other expenses. Retirees often put themselves under undue financial stress to meet these obligations without … Read More...

SEARCH SAN DIEGO HOMES FOR SALE

Search Real-Time, up to the minute, San Diego County Homes for Sale directly from the MLS (Sandicor) by just clicking the … Click Here to Search...